And the price of oil this week ...
Posted on 11/03/2010 11:44:13 PM PDT by 11th_VA
Inventories increased and the price went UP !!!
I'm not giving financial advice, but thank God I'm heavily in commodities ...
“Inventories increased and the price went UP !!! “
Strap in, we are in for a bumpy ride.
PS - That chart is how much it costs (In Dollars) to buy a crappy Euro ...
And the price of oil this week ...
10 years ago it only cost $.85
The Weimar Republic of pre-Nazi Germany and Mugabe’s Zimbabwee probably had simular b.s. excuses for their inflations. But it is really just an excuse. The real reason is to finance the Fed red ink. The Govt buying its own debt. Financial incest.
“Are Americans this GD DUMB”
Many, maybe most I know are completely clueless about the Federal Reserve.
They certainly are in Califonia...
Voted in Boxer-rocks,
Jerry "Moonbeam" Brown
approved the CA version of Cap and Trade
any questions....?
Are Americans this GD DUMB?
_________________________
Yes. Did you hear who is going to be on Oprah tomorrow?
/s
This is what happens when the guys at the switch don’t know what they’re doing.
So my European vacation in August was well timed!
It’a about the only institution left that is able to act.
The Pres. is a lame duck now. Because many think he’s only second best now the first and the second best ideas will not turn into decissions.
Ben should join Bernie as his permanent roomate.
There’s noone left holding an effective switch to the economy.
Dems don’t have them anymore - GOP hasn’t got it yet - the next 2 years the FEd will be the only institution that theoretically could change the desperate situation of the US - and the only means they have is print money.
The pres. was planning to force it down the throat of the country - invest in public schools and medicare - but will not be able to do it anymore - you didn’t want it - and there’s reason in not wanting it.
The GOP is planning to wait for the market to react (just don’t do anything safe public spending) - that’s old school american capitalism and it did work. Once.
Here’s the catch: The biggest piece of pork is in defense and cutting it down like the brits is probably something that will kill the rest of economy, education, science and strength of the US.
Furhter catch: There’s no industry that could run with the cheap money now available - ‘society of services’ doesn’t work in such a large scale as the US economy. Without an industrial base recovery by market powers (large pool of cheap labour, low consumption - lower prices) is impossible.
To bake more industry, ingredients are: Engineers and Production sites - but noone is going to invest in it - neither those who invest in their personal education (no money in pockets - no future in sight) - nor those who’d build production plants (much better alternatives).
Best alternative for the industry is to go abroad where there’s a lot of educated people - it’s not even cheaper elsewhere - HR has become awfully cheap in the US.
Education is, what’s missing - ivy league universities for exotic fruit scientists is not enough - the US needs bread and butter engineers and experts in broad scale.
It is called ‘human capital’ and will be as important as commodities in the future.
It seems to me it is exactly the same as if the US Government printed the money for their spending . . . if so, why do we need the Fed? Why route all this spending into debt and interest payments, and route all the benefit through the banks? The US Govt. if it eliminated the Fed, could print the money needed for government operations, and pay for the goods and services it needs, routing the money through industries other than banks.
--------------------------
Bernanke loves to print more dollars (Monetary easing).
Fire up the presses.
And make sure Ben doesn't run out of ink printing all that money - with nothing backing it up!
Obama bamboozled millions... gave them the old 'okee doke.'
Kick the bums out, repeal the empty suit's policies, cut taxes, cut entitlements, cut the red tape, cut the budget by 33% [except defense], close the border, kick all illegals out and drill baby drill!
“Are Americans this GD DUMB?”
“They certainly are in Califonia...
Voted in Boxer-rocks,
Jerry “Moonbeam” Brown
approved the CA version of Cap and Trade
any questions....?”
Alas, it is sad but true. Not smart as a pet rock they are. Stone stupid they are. Brown not fit to lick a toilet clean and Box of Rocks Barbera, who worked so hard for that title so we would call her Senator. California is a lost cause at this point, having jumped the shark successfully for the last time.
It is also a sad fact that elections have consequences. Even though we took the House yesterday, we may have only put a few speed bumps in the O’s way. But while all this political theatre was going on, Ben Bernanke announced the monetization of another $600 billion of our debt. They are purposely collapsing our economy and the dollar. The manipulations going on behind the scenes are being missed. Who is choreographing the O’s Kabuki Dance? Obama clearly telegraphed that he ain’t changing directions. Hugo didn’t get to where he is today by changing directions. What can’t be done by Congress can and will be done by executive order. They are not backing down.
In 2010, Americans decided they wanted hope and change. They gladly took the bait, not realizing that it was a carefully laid trap which would leave them gravely wounded (and they wouldn’t even know it). Isn’t it odd that Obama is accomplishing what Osama was unable to do. He wanted to collapse our economy did he not? America still has sleepers in its eyes.
Here’s the worst part - the ONLY cure for inflation is unemployment. So once inflation kicks in, it will take a heavy round of high unemployment to eliminate future expectation of inflation.
“This is what happens when the guys at the switch don’t know what they’re doing.”
Tell Casey Jones about it. America pulled an Urkel in 2010, but it’s been a long time coming. 2010 midterms and the O heard nothing. Damn the torpedos and full speed ahead. There was no victory yesterday. Maybe just a slight delay in the timetable. Nightmare on Pennsylvania Avenue ain’t goin’ away.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.